Thursday, June 12, 2008

Gbp vs Jpy 1H Update #1


Until this moment, the upper green trendline still intact as a strong resistance. Price already made a small breakout to the lower trendline of the teal triangle and bounce back. I'm looking forward for a further downtrend movement soon to bolster the bearish reversal scenario. Otherwise if the price make a breakout to the upper green trendline and later to the bullish continuation line 3, this scenario would be invalid. Goodluck.

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